Matthew Elderfield, head of financial regulation at Ireland's central bank, pauses during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, pauses during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, gestures during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, gestures during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, gestures during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, gestures during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks during an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, poses for a photograph in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, poses for a photograph in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images

Matthew Elderfield, head of financial regulation at Ireland's central bank, speaks at an event in London, U.K., on Monday, Nov. 26, 2012. European leaders must put the funds and tools in place to rescue ailing lenders before they transfer oversight to the region's central bank or they risk worsening the sovereign-debt crisis, Elderfield said. Photographer: Jason Alden/Bloomberg via Getty Images